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Loans, deposits rise in Islamic banks despite severe liquidity crisis

Increase in Islamic Banks Loans and Deposits : Outstanding loans and deposits both increased in full-fledged 10 local Islamic banks in February this year although six of them have been facing severe liquidity crisis for more than a year.

Al Arafah Islami Bank's first-quarter profit up 21 percent

Al-Arafah Islami Bank PLC reported a profit of Tk 25.92 crore in the first quarter of 2024.

Abdul Mobin promoted as SEVP of Al-Arafah Bank

Deposits drop but loans surge in Islamic banks

Half of remittances came thru Islamic banking in Dec

Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.